Guideline Value for A.G.P. PUNNIA BOOMI

A.G.P. Punnia Boomi guideline value

The current guideline value of A.G.P. Punnia Boomi is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Chitravadi village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of A.G.P. Punnia Boomi has changed

The guideline value for A.G.P. Punnia Boomi has seen several revisions over the years. In the 2007 revision, the value was set at Rs 20 per sq.ft. This increased significantly to Rs 70 per sq.ft in the 2012 revision, marking a rise of 250%. However, in the 2017 revision, the value dropped to Rs 47 per sq.ft, a decrease of 33%. The value remained at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%, reaching the current rate of Rs 100 per sq.ft. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Chitravadi

In Chitravadi, there are four streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 103 per sq.ft. The median guideline value for these streets is Rs 102 per sq.ft, making A.G.P. Punnia Boomi's current value of Rs 100 per sq.ft below this median.

• Lakshmi Narasimma Swamy Nagar: Rs 103 per sq.ft (2024)
• Sapthagiri Garden: Rs 103 per sq.ft (2024)
• Skathi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in A.G.P. Punnia Boomi

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.G.P. Punnia Boomi?

The Sub Registrar Office that covers A.G.P. Punnia Boomi is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Chitravadi

The guideline value plays a crucial role in property transactions in Chitravadi. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during the registration process. It is advisable to check the latest guideline values before making any property transactions.

Frequently asked questions

What is the current guideline value of A.G.P. Punnia Boomi?

The current guideline value of A.G.P. Punnia Boomi is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, marking an overall increase of 400% over the years.

What are the stamp duty and registration fees for A.G.P. Punnia Boomi?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles registrations for A.G.P. Punnia Boomi?

The Madurandakam Sub Registrar Office handles registrations for A.G.P. Punnia Boomi, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is important as it determines the stamp duty and registration fees during property transactions. It ensures that buyers and sellers comply with local regulations when registering property.